This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.Need a new registration confirmation email? Click here

Homex Development Stock Hits New 52-Week Low (HXM)

NEW YORK (
TheStreet) --
Homex Development (NYSE:
HXM) hit a new 52-week low Monday as it is currently trading at $17.19, below its previous 52-week low of $17.47 with 4,264 shares traded as of 9:41 a.m. ET. Average volume has been 241,800 shares over the past 30 days.

Homex Development has a market cap of $1 billion and is part of the
financial sector and
real estate industry.

Desarrolladora Homex, S.A.B. de C.V. operates as a vertically integrated home development company principally engaged in the development, construction, and sale of affordable entry-level, middle-income, and tourism housing in Mexico; and affordable entry-level housing in Brazil.

TheStreet Ratings rates Homex Development as a
hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. You can view the full
Homex Development Ratings Report.